Description
Exceptional four-unit investment property in a sought-after neighborhood near CSU, Chico! Located at 1122 Stewart Ave, this multi-unit property offers a fantastic opportunity for both seasoned investors and those looking to start or expand their portfolio. All four units have been recently remodeled and are well-maintained, offering a mix of comfort and convenience for tenants. The property consists of two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units with bright, updated interiors, functional kitchens, and plenty of storage. Tenants enjoy the convenience of off-street parking, and the property features a shared outdoor space that provides a peaceful environment for relaxation or entertaining. Located close to Chico State University, local shops, dining, and public transportation, this property is in a prime rental location. The consistent demand for housing in this area, along with the property’s strong rental history, makes it a wise investment with immediate income potential. Key Features: 4 units with functional layouts Prime location near Chico State, shopping, and dining Strong rental history with excellent income potential Off-street parking and shared outdoor spaces Ideal for investors seeking stable, long-term returns Potential to add an additional unit at the rear of the property (utilities already trenched) Recent extensive remodel of each unit including roof, and all appliances, flooring, cabinets, bathrooms New mini split air conditioning (3 years old) in each unit Washer and dryer in all units except unit 2 Whether you're looking for a property with reliable rental income or a low-maintenance addition to your investment portfolio, 1122 Stewart Ave is the perfect choice. Mortgage may be transferable at discretion of lender. Please do not disturb tenants. No showings without an accepted offer.
Details
| MLS # | SN24217204 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1908 |
| Days On Site | 683 |
| Listing Provided By | Ryno Company | Michael Lee |
Features
| SQ Feet | 2,489 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 4 |
| Zoning | R1 |
| Acreage | 0.30 |
Interior
| Cooling | Ductless |
|---|---|
| Heating | Ductless |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Ceiling Fans, Open Floorplan, Walk In Closets |
| Appliances | Built In Range, Dishwasher, Gas Oven, Microwave, Refrigerator, Water Heater, Dryer, Washer |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Two To Five Units Acre, Near Public Transit, Paved, Rectangular Lot, Street Level |
|---|
Parking
| Parking Features | Gravel, Off Street, Paved |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Biking, Street Lights, Sidewalks, Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Butte |
| City | Chico |
| Zip Code | 95926 |
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Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Butte |
| City | Chico |
| Zip Code | 95926 |
